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Nearly three dozen countries are seeking entry into the China and Russia-backed BRICS economic group, member state South Africa said Wednesday, weeks after the body expanded its membership for the first time in more than a decade.
South African FM Naledi Pandor says countries such as Saudi Arabia, UAE, Egypt, Iran, Ethiopia have confirmed their membership to the bloc
Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.
Dubai has been ranked third in the top 10 wealthiest BRICS cities, according to the inaugural BRICS Wealth Report by Henley & Partners.
Dubai lives up to reputation as ‘city of gold’, says Henley & Partners report